Cbiz Investment Advisory Services, LLC

CRD#286002
Investment Advisor Firm

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Learn more about Cbiz Investment Advisory Services, LLC

  • Overview
  • By the Numbers
  • Products and Services
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations
  • Firm Advisors

    • Overview

    Cbiz Investment Advisory Services, LLC is located at 5959 Rockside Woods Blvd N, Independence, OH. The firm employs 86 financial advisors to manage client portfolios and provide financial guidance. Cbiz Investment Advisory Services, LLC is not a registered broker-dealer.

    Cbiz Investment Advisory Services, LLC oversees $8.9 billion in assets under management across 2,257 accounts, all of which are discretionary. The services offered include financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for institutional clients, pension consulting services, selection of other advisers, educational seminars, and other services. The firm caters to a diverse range of investors, including retail investors, high net worth investors, banking institutions, pension plans, charitable organizations, state or municipal government entities, and corporations. Retail investors represent the largest client type by accounts. The fee structure at Cbiz Investment Advisory Services, LLC includes asset-based, hourly, fixed, and other fees. The firm has 245 high net worth clients and maintains affiliations with a broker-dealer or securities dealer, an accountant or accounting firm, an insurance company or agency, a pension consultant, and a real estate broker or dealer.

    Cbiz Investment Advisory Services, LLC is registered in the states of Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, and Wyoming.

    Assets Under Management

    $8.9 billion

    Number of Advisors

    86

    Disclosures

    No

    Office Location

    5959 Rockside Woods Blvd N
    Independence, OH 44131

    Cbiz Investment Advisory Services, LLC by the Numbers

    Total Assets Under Management

    $8.9 billion

    National Average: $8.6 billion
    Total Number of Employees

    94

    National Average: 64
    Total Number of Accounts

    2,257

    National Average: 375,227
    Average Account Size

    $3.9 million

    National Average: $23.0 thousand
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    Products and Services

    Cbiz Investment Advisory Services, LLC offers multiple financial services, including financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for institutional clients, pension consulting services, selection of other advisers, educational seminars, and other services. However, Cbiz Investment Advisory Services, LLC did not provide financial planning services to any of its clients in the last financial year. It does not sell products or offer services aside from investment advisory services to its investment advisory customers.

    Core Advisor Services

    • Offered by 31% of firms

      Financial Planning Services

      This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.

    • Offered by 46% of firms

      Portfolio Management

      This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.

    • Find a firm that offers this service

      Market Timing Services

      This is the practice of attempting to make short-term profits on investments by buying low and selling high.

    Other Services

    • Offered by 20% of firms

      Selection of Other Advisors

      This is the firm's assistance with choosing other advisors to work with who may have different specialties.

    • Find a firm that offers this service

      Publication of Periodicals

      This is the publication of various financial education materials.

    • Offered by 6% of firms

      Educational Seminars/Workshops

      This is the hosting of seminars or workshops to educate investors on financial concepts.

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    Fee Structure

    Fees for financial advisory services usually vary depending on the services offered. Fees charged by Cbiz Investment Advisory Services, LLC can consist of some blend of the following fee structures: asset-based, hourly, fixed, or other. The company participates in a wrap fee program, in which the company offers a service bundle for a single fee.

    Available

    • Offered by 69% of firms

      Percentage of Assets

      Show Explanation

      This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

    • Offered by 21% of firms

      Hourly

      Show Explanation

      Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

    • Offered by 32% of firms

      Fixed

      Show Explanation

      Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

    • Offered by 10% of firms

      Other

      Show Explanation

      Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

    Unavailable

    • Find one of the 1% of firms that offer this fee type

      Commissions

      Show Explanation

      Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

    • Find one of the 26% of firms that offer this fee type

      Performance-based

      Show Explanation

      Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

    • Find one of the 0% of firms that offer this fee type

      Subscription

      Show Explanation

      Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

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    Types of Clients

    The company works with a number of different customers. It provides services to retail investors, high net worth investors, banking institutions, pension plans, charitable organizations, state or municipal government entities, corporations, and other. Out of its 8 clients, Cbiz Investment Advisory Services, LLC's biggest client type by number of accounts is pension plans, but it also manages money for 245 high-net-worth individuals. The SEC defines a high-net-worth individual as an individual who has at least $750,000 in AUM or a net worth of at least $1,50 million or who is deemed a "qualified purchaser" (a standard met by having at least $5 million in investments).

    • High-Net-Worth Individuals* - 10.86%
    • Other Individuals - 49.8%
    • Corporations - 39.12%
    • Charitable Organizations - 0.22%

    * The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.

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    Disclosures

    Cbiz Investment Advisory Services, LLC does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Cbiz Investment Advisory Services, LLC

    Julia Duque
    Independence, OH
    Paula Lewis
    Independence, OH
    Gregory Solley
    Philadelphia, PA
    Melissa Black
    Independence, OH
    Matthew Padera
    Denver, CO
    Joseph Nitting
    Independence, OH
    Cory Mccomas
    Independence, OH
    Ryan Wehking
    Independence, OH
    Joshua Jones
    Independence, OH

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    The content in this profile was updated by SmartAsset on 6/19/2024. All advisor details come from publicly available data, and we cannot guarantee the accuracy of the content. We are unable to make individual profile updates. If you want your profile removed temporarily or permanently, please contact profile-compliance@smartasset.com.

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